1. What are some ways that partnerships could share income among the partners? (Appendix)
2. Nash Company has the following accounts among the items on its balance sheet at December 31, 2010: Common Stock, $10 par, 10,000 shares authorized, 9,000 issued, 8,000 outstanding Preferred Stock, $100 par, 8%, cumulative, 1,000 shares authorized, issued, and outstanding Cash Dividend Payable $ 50,000 Retained Earnings 100,000 Additional Paid-In Capital 200,000 Investment in Common Stock of Horton Company 60,000 Treasury Stock, 1,000 shares, common stock 20,000 Accumulated Other Comprehensive Income—Unrealized Gain on Investment Security 5,000 Required Develop the Stockholders’ Equity section of the balance sheet for Nash Company at December 31, 2010.